IrvAlpert ExecutiveVice President, Business Development 2009Variable Compensation Plan Objective:Bookings
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EX-10.11 3 alpert09comp.htm 2009 EXEC COMP PLAN - IRV ALPERT alpert09comp.htm
Exhibit 10.11
Irv Alpert
Executive Vice President, Business Development
2009 Variable Compensation Plan
Objective: Bookings
| 2009 Corporate Accounts Board Bookings Plan | |
| Commission on Bookings | |
| Commission, Paid Quarterly, on New Bookings plus Quarterly Cash Payments from Retained Clients (“Bookings”) | Quarterly commission with annual over-achievement Quarterly Bookings Achievement as % of Plan % Commission 0-79% 0% 80-99% 10% 100-109% 15% 110% and above 20% Commission rate applies retroactively to bookings in excess of 79% of Target Bookings Over-Achievement If annual bookings exceed 120% of Plan, 10% maximum retroactive commission will apply. |
| Draw | Onvia will provide you with a monthly draw commensurate with your target bookings and adjusted quarterly based on your ongoing progress toward the target bookings |
| Additional Support | If you are tracking to 112% in Q1 bookings, Onvia will consider the addition of a full-time AE to work for you, whose bookings will count toward your target bookings. |
| Annual Management Incentive Plan Achievement | Achieve Three Key Measures for 2009, plus 100% of Annual Bookings |
